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Mazda CX-7 Lease Questions

268 messages,  Last post on Nov 18, 2009 at 3:15 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Mazda CX-7, Car Leasing, Car Buying, SUV


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#31 of 268
Re: My lease deal [gene66] by vbbuilt
Oct 31, 2006 (6:53 am)
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Replying to: gene66 (Oct 31, 2006 6:42 am)

Only 10K miles a year?
 
You must only drive to the neighborhood grocer.
 
I've had mine since July (4 months of driving) and have nearly 10K miles on mine and that's predominantly commuting 30 miles daily, plus chores and weekly trips to DC (average 90 miles round trip).
 
It'll be interesting to see if you can keep your milage that low.
 
How much do you have to pay if you exceed your milage?
 
Vince.
#32 of 268
CX-7 Lease Deal by mandeson
Nov 05, 2006 (3:03 pm)
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I was just offered the following lease deal on a GT AWD model with Tech package and couple other goodies:
 
The breakdown was 24/mo , 12K/ year, MSRP $33,000, Selling price $30,000. With $1000 drive-off the monthly payment was $450. Good or bad deal?
#33 of 268
Re: CX-7 Lease Deal [mandeson] by wjbushsr
Nov 05, 2006 (4:24 pm)
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Replying to: mandeson (Nov 05, 2006 3:03 pm)

12K a year is a critical mileage. If you go over that amount you wind up in the "pay through the nose" category on mileage.
 
I would find out what the excess mileage cost is, sometimes they can be pretty steep, as much as .20 a mile over the allotted mileage.
 
Read the contract carefully, and make note of the mileage penalty... 12K is not nearly enough miles for the average driver.
#34 of 268
Re: CX-7 Lease Deal [wjbushsr] by mandeson
Nov 05, 2006 (5:46 pm)
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Replying to: wjbushsr (Nov 05, 2006 4:24 pm)

I'm not worried about the mileage. I have been averaging 10k-11k a year and that won't change. I am more interested in what you guys think about the monthly payment and the sales price.
#35 of 268
Re: CX-7 Lease Deal [mandeson] by franz
Nov 11, 2006 (6:22 pm)
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Replying to: mandeson (Nov 05, 2006 5:46 pm)

Not a good deal, at least compared to mine. I got my CX-7, GT, AWD, Tech Package, Wheel locks, 12k miles/yr, 24 month lease for $397/month with no money down except title, plates and first month pymt . Money factor was 0.00196. Residual was 70%. Cap cost of $30299 (invoice) + $595 aquisition fee = $30894 total financed on lease.
#36 of 268
Re: CX-7 Lease Deal [franz] by mandeson
Nov 11, 2006 (8:43 pm)
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Replying to: franz (Nov 11, 2006 6:22 pm)

That's a great deal but your numbers don't make sense. If your adjusted cap cost was $30894 and the money factor is .00196 the monthly payment comes to $463. I used this calculator which I know to be accurate, http://leaseguide.com/calc.htm.
My numbers were very similar except for the money factor, I was quoted .00177 and the residual, I was quoted 69%. My $1000 was also going towards title, plates and first month's payment. The remaining $212 was cap reduction. When did you get your deal?
#37 of 268
Re: CX-7 Lease Deal [mandeson] by franz
Nov 12, 2006 (3:31 pm)
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Replying to: mandeson (Nov 11, 2006 8:43 pm)

Oops. I gave you the wrong money factor. It should have been 0.00116. Of course residual is based off the MSRP which was $32,640. Does that make more sense? I leased it on Oct 29 form Herzog-Meier Mazda in Portland, OR.
#38 of 268
Re: CX-7 Lease Deal [franz] by mandeson
Nov 12, 2006 (7:42 pm)
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Replying to: franz (Nov 12, 2006 3:31 pm)

Yes, that's more like it. I come up with $397/mo before taxes. You guys don't pay sales tax in Portland so a similar deal in Socal would be $428/mo.
#39 of 268
CX-7 FWD Sport by bkssd
Nov 13, 2006 (11:48 am)
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Is this a good deal? From a San Diego dealer:
 
rice: 22490
Bank Fee: 595
Total cap cost: 23085
security deposit: none
cash:1500
rebate: none
residual:17262
trade-in:none
terms:24 months
mileage per year:10500
 
Payment: 275.32
#40 of 268
Re: CX-7 FWD Sport [bkssd] by mandeson
Nov 13, 2006 (4:12 pm)
Reply

Replying to: bkssd (Nov 13, 2006 11:48 am)

You can do better than that if your credit is decent. Try to get the same payment with only $750 down. Shop around there are a lot good deals on the CX-7 right now, expecially for the base model that you are interested in.
If the San Diego dealers are not willing to go lower call some Orange County dealers.

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